CLOUDWALK(SH:688327)2023-08-11 16:00Shareholder Structure - The total number of shares held by the controlling shareholder, Changzhou Yuncong, increased from 146,505,343 shares to 205,107,480 shares after the capital reserve conversion, maintaining the voting rights ratio[12]. - The total voting rights held by Changzhou Yuncong increased from 879,032,058 votes to 1,230,644,880 votes, representing 59.67% of the total voting rights[20]. - The total number of shares held by other shareholders is 831,831,307, accounting for 80.22% of the total shares[20]. - The voting rights of each A-share is set at 6 votes, while each B-share has 1 vote, creating a significant voting power disparity[18]. - The total number of shares for the company is 1,036,938,787, with a total voting rights of 2,062,476,187[20]. Investment and Development Projects - The investment scale for the Qizhou platform is projected at 8,235.56 million, with 968.72 million invested in the current period[27]. - Cumulative investment in the Qizhou platform reached 6,162.45 million, indicating ongoing development efforts[27]. - The company has invested a total of 5,415.14 million in the Human-Machine Collaborative Operating System project, with 19.75 million invested in the current period, and a cumulative investment of 3,907.37 million[28]. - The Dynamic Head and Shoulder Passenger Flow Statistics project has a total investment scale of 6,336.90 million, with 2,295.55 million invested in the current period, and a cumulative investment of 5,600.00 million[34]. - The Financial Smart Outlet Solution project has a total investment scale of 2,817.78 million, with 73.02 million invested in the current period, and a cumulative investment of 1,926.56 million[35]. - The company has completed a project on Security and Privacy Protection Technology with a total investment scale of 3,266.00 million, and a cumulative investment of 1,475.91 million[36]. - The Risk Control Online Loan Accounting System has a total investment scale of 1,663.52 million, with 28.19 million invested in the current period, and a cumulative investment of 1,078.68 million[34]. - The company has invested a total of 911.36 million in the exploration of human-machine collaborative closed-loop solutions, with a current period investment of 249.17 million[33]. - The company has a total investment of 2 billion in the emergency command intelligence resolution solution, with a current period investment of 11.26 million and a cumulative investment of 30.42 million[35]. - The company has a total investment of 357.74 million in the development of the human-machine collaborative operation system, with a current period investment of 38.15 million and a cumulative investment of 160.47 million[33]. Research and Development - The R&D team consists of 522 personnel, accounting for 60.42% of the total workforce, with 177 holding a master's degree or higher, representing 33.91% of the R&D team[46]. - The company has established a general model research center in collaboration with the Guangdong Provincial Laboratory of Artificial Intelligence and Digital Economy, focusing on human-machine collaboration core technologies[57]. - The company is committed to continuous innovation in AI core technologies, covering image recognition, speech recognition, natural language processing, and machine learning[77]. - The company is actively developing new products and solutions to address pain points in business growth and cost reduction[87]. - The company is focusing on the development of a comprehensive intelligent agent based on the "pre-trained large model + human feedback reinforcement learning" paradigm, which is a key direction for future R&D investment[56]. - The company emphasizes the importance of aligning R&D efforts with market demands to enhance product competitiveness and market position[86]. Financial Performance - The company reported a 58.16% year-over-year decline in main business revenue due to insufficient order reserves from 2022[70]. - Research and development expenses amounted to 198.0029 million yuan, representing 120.99% of operating revenue[67]. - The company achieved operating revenue of 163.65 million RMB, a year-on-year decrease of 58.16% compared to the same period in 2022[101]. - The net profit attributable to shareholders was -304.11 million RMB, narrowing the loss by 21.25 million RMB compared to the previous year[101]. - The company reported a net cash flow from operating activities improvement due to increased self-developed software revenue and reduced external product and service expenditures[103]. - The company's operating revenue for the current period is ¥163,646,018.26, a decrease of 58.16% compared to ¥391,108,844.11 in the same period last year[128]. - The net cash flow from operating activities is -¥171,578,906.70, indicating a significant cash outflow compared to -¥363,437,671.41 in the previous year[127]. - Research and development expenses amount to ¥198,002,869.70, down 22.61% from ¥255,844,257.10 in the previous year[128]. Strategic Initiatives - The company is committed to becoming a global leader in the intelligent ecosystem, with a mission to define smart living and enhance human potential[52]. - The company aims to enhance its leading advantage in the digital economy by focusing on AI empowerment in various sectors, including elderly care and smart manufacturing[54]. - The company expanded its digital government marketing team, achieving over 60% sales network coverage in prefecture-level cities nationwide[60]. - The company established partnerships with over 10 large software developers and expanded its system integrators and channel suppliers by more than 60, enhancing its core product marketing channels[60]. - The company is facing challenges in converting research and development outcomes into commercial applications due to the rapid technological evolution in the AI industry[98]. Environmental and Social Responsibility - The company has integrated low-carbon concepts into its development strategy, continuously optimizing product innovation for high-quality development[180]. - The company has developed a smart ecological governance platform based on its self-developed Human-Machine Collaborative Operating System (CWOS) and launched ecological governance and carbon neutrality solutions[192]. - The company has committed to reducing carbon emissions through the development of new products that assist in carbon reduction[193]. Capital and Asset Management - The company plans to issue A-shares to specific targets as part of its fundraising strategy for technological innovation[120]. - The company has authorized the board to handle matters related to the issuance of A-shares, indicating a strategic move towards capital raising[120]. - The company's total assets include cash and cash equivalents of ¥1,377,394,505.55, representing 45.70% of total assets, a slight decrease of 3.84% from the previous year[132]. - The company has a short-term loan balance of ¥661,198,837.48, which is 21.94% of total assets, down 20.07% from the previous year[132]. - The company's long-term equity investments increased by 44.97% to ¥3,171,479.77, attributed to higher profits from joint ventures[132]. - The company raised a total of CNY 1,728,049,100.00 from its initial public offering, with a net amount of CNY 1,627,094,945.89 after deducting issuance costs[185]. - The cumulative investment of raised funds by the end of the reporting period was CNY 1,325,324,816.17, representing 81.45% of the total committed investment[185].